USX

USX is a dollar-pegged stablecoin that lives on the Solana blockchain and is intended to give both institutional and everyday users a digital representation of the US dollar that moves at the speed Solana allows. It claims to address the need for reliable, composable dollar liquidity inside decentralized finance applications — covering trading, lending, and payments — rather than simply sitting as a static reserve asset. The intended users are protocols, payment processors, and individuals who want a trusted dollar-denominated token that fits natively into the Solana ecosystem.

Each USX token is created through over-collateralization, meaning a user deposits more than one dollar's worth of leading stablecoins such as USDT or USDC in order to mint a single USX, ensuring that every unit in circulation is backed at least 1:1 by those assets. The token itself operates on Solana, which handles settlement without a traditional proof-of-work or proof-of-stake consensus layer specific to USX — the protocol inherits Solana's infrastructure. There is no recorded maximum supply cap in the data, and the circulating supply of approximately 303,033,294 USX represents the full amount currently outstanding.

The data stored for USX does not include any fee stream — there are no recorded protocol revenues, fee collection figures, or distributions to token holders available on this site. What that means practically is that the fee-based measures this site normally presents, such as revenue multiples or yield figures, cannot be calculated or shown for USX. The token's economic design, as described, centers on collateral mechanics and liquidity provision rather than on a fee-generating model, so the absence of fee data reflects that structural reality rather than a data gap.